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Oriole Company had $197,000 of net income in 2019 when the selling price per unit was $152, the variable costs per unit were 590, and
Oriole Company had $197,000 of net income in 2019 when the selling price per unit was $152, the variable costs per unit were 590, and the fixed costs were $571,800. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Oriole Company is under pressure from stockholders to increase net income by $99,200 in 2020. Compute the number of units sold in 2019. units LINK TO VIDEO Compute the number of units that would have to be sold in 2020 to reach the stockholders' desired profit level. units LINK TO TEXT LINK TO VIDEO Assume that Oriole Company sells the same number of units in 2020 as it did in 2019. What would the selling price have to be in order to reach the stockholders' desired profit level? New selling prices Click if you would like to Show Work for this question: Open Show Work Carla Vista Bucket Co., a manufacturer of rain barrels, had the following data for 2019. Sales 2,330 units Sales price $70 per unit Variable costs $42 per unit Fixed costs $32,620 What is the contribution margin ratio? Contribution margin ratio LINK TO TEXT What is the break-even point in dollars? Break-even point $ LINK TO TEXT What is the margin of safety in dollars and as a ratio? Margin of safety Margin of safety ratio % LINK TO TEXT If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its sales if selling price per unit, variable price per unit and total fixed costs remain constant? Total increase in sales required: Click if you would like to Show Work for this question: Qren Show Work
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